Advertisement
AD

Main navigation

Ripple CTO Shares Views as Hinman Documents Near Release

Advertisement
Sun, 28/05/2023 - 13:10
Ripple CTO Shares Views as Hinman Documents Near Release
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Ripple CTO David Schwartz expresses his viewpoint as the crypto industry awaits the public unveiling of the documents of former SEC employee William Hinman. In a 2018 speech, Hinman stated that Ethereum was not a security.

Advertisement

As expectations build up, so do speculations as to whether Ripple would agree to make them public.

Schwartz responds to such speculations by saying that although he is no lawyer, he does not think Ripple can agree not to make them public. He adds that the judge has ruled that they are judicial documents and that no factors outweigh the public's right to access them.

Since the lawsuit was initiated, Ripple has maintained that it remains on the right side of the law. Shortly after the Hinman documents were released to Ripple in October but under seal, Ripple CEO Brad Garlinghouse said "the shamefulness" of the SEC's behavior would be "shocking."

CryptoLaw founder John Deaton recounts one of the judge's decisions, which highlighted the SEC's "hypocrisy" while saying that the SEC's lawyers "lack a faithful allegiance to the law."

CryptoLaw asks an important question on Twitter: "Why did the SEC fight so hard to stop us from ever seeing these documents?"

It answered, "On June 13, we'll finally know." On June 13, public redactions of Hinman documents, cross-motions for summary judgment and others are expected to be filed.

Meanwhile, whales continue to accumulate XRP as optimism builds. Crypto analyst Ali reports that whales appear bullish on Ripple as they have purchased over 52 million XRP worth around $22.9 million in the past three weeks.

In a community member's insight report, Santiment spots an interesting trend for XRP: "There are millionaires when sentiment is at its lowest, and what's interesting is that the trend is up."

It adds that "Projects such as XRP show how serious players are in the crypto market."

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD